MENU

3 incredible dividend stocks you need to know about

The recent stock market volatility has dragged down the share price of many companies. For astute investors, volatility can represent opportunity. This time is no different and the current volatility has potentially created a number of enticing investment opportunities.

When identifying stocks to add to your portfolio with the primary purpose of providing income, a maintainable level of earnings is a key attribute. This doesn’t mean that the company might not experience peaks and troughs in its earnings, but it does mean that the company is able to provide consistency in the dividends it pays out – Wesfarmers Ltd (ASX: WES) is an example of one such stock.

Here are three stocks which have recently experienced share price falls and are offering investors enticing fully franked dividend yields over 5%:

1)      Bank of Queensland Limited (ASX: BOQ) is down nearly 8% in the past month. With Morningstar’s consensus data showing a forecast dividend of 65.7 cents per share (cps), the forecast yield is a healthy 5.5%.

 

2)      Retail Food Group Limited (ASX: RFG) is only down 3% in the last 30 days but it’s enough to have raised the firm’s forecast yield to 5.2%.

 

3)      Seven Group Holdings Ltd (ASX: SVW) is down around 6% over the last month. With a steady 40 cps dividend forecast, the stock now trades on a yield of 5.1%.

A grossed-up yield of 7%... plus double-digit profit growth!

NEWLY UPDATED. The Motley Fool's top dividend stock for 2014 offers growing sales, accelerating profits and a grossed up dividend yield of 7%! Find out the name and code right now -- your copy of "The Motley Fool's Top Dividend Stock for 2014" is FREE. Simply click here!

Motley Fool contributor Tim McArthur does not own shares in any of the companies mentioned in this article.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.